Exness, a global multi-asset broker, has entered its fifth consecutive month of generating more than $2 trillion in total trading volumes.
In July, the total number of contracts for differences (CFDs) traded on Exness’ platform reached $2.275 trillion. This is a 1% increase from June’s $2.249 trillion.
So far, the July figure is Exness’ second-best performance this year.
In the past month, 343,361 customers actively traded on the platform. This is a 6% jump from the 323,216 active customers recorded in June.
Exness had ended March with a record of $2.48 trillion in trading volume, surpassing the $2 trillion mark for the time. In fact, it smashed the record almost a week before the end of the month.
The CFD broker initially broke the $1 trillion mark in October 2021.
In an earlier interview with Finance Magnates, Artem Seledtsov, Exness’ Chief Business Development Officer, had attributed the feat to painstaking focus on product development and liquidity.
Additionally, Artemis pointed to Exness’ "people-centric approach" and the company's values which he said are founded on ethics, integrity and “our science-driven approach.”
Surpassing March's Volume
After first hitting the $2 trillion mark in March with $2.48 trillion dollars, Exness has been struggling to surpass the March volume.
In April, although still within the $2 trillion mark, Exness witnessed a 15% dip in its trading volume. It recorded $2.11 trillion in the said month.
However, in April 2022, the drop in forex volume was not peculiar to Exness. While Saxo Bank’s forex trading volume slumped by 17%, Cboe FX Markets' dropped a further 24%.
Nonetheless, in May, Exness’ client trading volume declined 4.7% to $2.004 trillion from April’s figure.
Again, despite the correction, its volume was above the $2 trillion mark.
However, things changed in June. The broker’s trading volume spiked 12% MoM to $2.249 million.
It was the broker’s second-best month at the time until the volume was surpassed by July’s trading volume record.
Four months after the record-shattering $2.48 trillion trading volume, Exness is yet to topple March's trading volume.
However, it remains to be seen how the remainder of the year will pan out for the Cyprus-headquartered CFDs broker.
